Staking
Staking is the operation by which crypto-assets are locked to contribute to the functioning and security of a blockchain that uses Proof-of-Stake consensus. The locked crypto-assets contribute to the validation of transactions and new blocks.
In return, those who take part in staking may receive rewards distributed by the protocol. These rewards are not guaranteed interest or a form of certain income: they are variable and depend on the protocol’s rules, the total amount of crypto-assets staked, and network conditions, and they may decrease or fall to zero.
Staking involves specific risks, including the possible temporary unavailability of the locked crypto-assets, the possible penalties provided for by the protocol (slashing) and the volatilità of the value of the staked crypto-assets.
Disclaimer: As part of the ETH Staking Service via the provider Lido, Young Platform holds wstETH in custody on behalf of Users pursuant to Article 75 of MiCAR, in accordance with the procedures described in the Summary of the Custody Policy. Young Platform does not allow Users to directly utilise wstETH in external DeFi protocols during the staking period. Liquid staking protocols and DeFi operations on staking derivatives do not fall within the scope of crypto-asset services regulated by Regulation (EU) 2023/1114 (MiCAR) and are not subject to the corresponding regulatory protections. For the applicable conditions, please refer to the Staking – Terms and Conditions.